Cool Cats Raffle Burns More Than 100 Million MILK Tokens

Cool Cats Raffle Burns More Than 100 Million MILK Tokens

Cool Cats recently announced its raffle for three unminted, original NFTs, and in less than 24 hours, the raffle has burned more than 100 million MILK tokens.

Each raffle ticket costs 2,000 MILK tokens, which is currently equivalent to about $2. The MILK that is spent on these raffle tickets is burned by the team in an effort to thwart the ever-expanding supply.

The first raffle is expected to end on Jul. 25 at 12 p.m. ET. The three winners will be chosen on Jul. 26 at 12 p.m. ET using Chainlink for random number generation. All raffle tickets exist on the blockchain to ensure the process is 100 percent random.

This raffle is part of the team's effort to add utility to its native MILK token. MILK can currently be used to purchase items in the Cool Cats marketplace, re-roll quests for Cool Pets, and other fun IRL (in-real-life events), like advertising your Cool Cat in New York during NFT NYC.

More about Cool Cats

Cool Cats is a collection of 9,999 unique, randomly generated cats on the Ethereum blockchain. All cats are cool, but the Cool Cats that have a complete outfit find themselves in different rarity tiers. Cool Pets, a companion collection that was airdropped to Cool Cats holders, function as playable characters in the project's "Cooltopia" game.

At the time of publish, the Cool Cats floor price sits at 2.05 ETH, and has stayed relatively flat over the past 24 hours on 23 ETH volume of transactions. Over that same timeframe, 2 sharp wallets have sold 2 NFTs and no sharp wallets have bought NFTS in the the Cool Cats collection. Catch up on other recent Cool Cats news here.

Recent Cool Cats Sales

#120sold at 11/30 12:11pm for
#5586sold at 11/30 10:11am for
#9785sold at 11/30 9:11am for
#1816sold at 11/30 8:11am for
#3219sold at 11/30 3:11am for

Recent Cool Cats Listings

#6933listed at 11/30 1:11pm for
#6933listed at 11/30 1:11pm for
#7931listed at 11/30 1:11pm for
#7931listed at 11/30 1:11pm for
#1027listed at 11/30 10:11am for
Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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